The productivity of public capital

A meta-analysis

J.E. Ligthart, R.M. Martin Suarez

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

Abstract

The paper measures the contribution of public capital to private output using a simple meta-analysis and a meta-regression analysis based on panel data. We find an output elasticity of public capital of 0.14 in the random effects model, which is substantially smaller than the simple arithmetic average value of 0.20. Reported estimates of the output elasticity of public capital show considerable heterogeneity. We identify the type of public capital, the level of aggregation of the public capital data, the country type, the econometric specification, and publication bias as sources of variation.
Original languageEnglish
Title of host publicationInfrastructure Productivity Evaluation
EditorsW. Jonkhoff, W. Manshanden
Place of PublicationNew York
PublisherSpringer Verlag
Pages5-33
ISBN (Print)9781441981004
Publication statusPublished - 2011

Publication series

NameSpringerBriefs in Economics Series
Number1

Fingerprint

Productivity
Public capital
Meta-analysis
Elasticity
Meta-regression analysis
Econometrics
Random effects model
Panel data
Publication bias
Specification bias

Cite this

Ligthart, J. E., & Martin Suarez, R. M. (2011). The productivity of public capital: A meta-analysis. In W. Jonkhoff, & W. Manshanden (Eds.), Infrastructure Productivity Evaluation (pp. 5-33). (SpringerBriefs in Economics Series; No. 1). New York: Springer Verlag.
Ligthart, J.E. ; Martin Suarez, R.M. / The productivity of public capital : A meta-analysis. Infrastructure Productivity Evaluation. editor / W. Jonkhoff ; W. Manshanden. New York : Springer Verlag, 2011. pp. 5-33 (SpringerBriefs in Economics Series; 1).
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Ligthart, JE & Martin Suarez, RM 2011, The productivity of public capital: A meta-analysis. in W Jonkhoff & W Manshanden (eds), Infrastructure Productivity Evaluation. SpringerBriefs in Economics Series, no. 1, Springer Verlag, New York, pp. 5-33.

The productivity of public capital : A meta-analysis. / Ligthart, J.E.; Martin Suarez, R.M.

Infrastructure Productivity Evaluation. ed. / W. Jonkhoff; W. Manshanden. New York : Springer Verlag, 2011. p. 5-33 (SpringerBriefs in Economics Series; No. 1).

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

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Ligthart JE, Martin Suarez RM. The productivity of public capital: A meta-analysis. In Jonkhoff W, Manshanden W, editors, Infrastructure Productivity Evaluation. New York: Springer Verlag. 2011. p. 5-33. (SpringerBriefs in Economics Series; 1).